Posco Opens New EV Drive Motor Core Plant in Poland, Aims for 10% Global Market Share by 2030
Posco International has inaugurated a new EV drive motor core plant in Brzeg, Poland, with an annual output capacity of 1.2 million units. The EUR 57 million facility began trial production in October and will reach full commercial production in December. The opening ceremony was attended by high-ranking officials, including Posco International's CEO Lee Kye-In, Opole Governor Monika Jurek, and South Korean Ambassador Tae Jun-Yeol.
The plant's opening marks a significant step towards Posco Group's goal of capturing a 10% share of the global EV drive motor core market by 2030. With an annual production capacity of 7.5 million units across its facilities in South Korea, Mexico, Poland, and India, Posco aims to become a major player in the EV market. The Brzeg plant uses advanced technology, such as Hyper NO non-oriented electrical steel sheets and proprietary EMFree technology, to enhance energy efficiency and reduce noise and vibration in electric vehicles.
Posco has already secured a substantial number of orders for its drive motor cores. By 2033, the company expects to deliver 35 million units globally, including 1.68 million for European-made Hyundai and Kia EVs produced in Poland. Posco International has also signed contracts with prominent European automakers Volkswagen and Stellantis to supply these cores for use in their respective EV models.
The opening of the Brzeg plant demonstrates Posco's commitment to the European EV market. With its advanced technology and strategic partnerships, the company is well-positioned to meet its ambitious targets and contribute to the growth of the global EV industry.
